Real Estate Law USA.com

We hav collected crores of Rupees 4 short term from thousand of customer in the last 1.5.year in the name of project bearing a high rate of interest. We took money & invested it 4 constructions & spent some 4 office Admin & Management running exp. We have committed to customers to refund the amt. with int. as maturity after due date & we r doing it now for 1 yr. customer. We r rotating money. This way we hav completed 30 to 50% of our project. Is it legal in the eye of law & we want to raise fund by issuing equity shares to our employee & outsiders then how & how will we calculate % of profit to give on year basis.